Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting its customer-owners [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1][2] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1][2] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1][6] - Bank lending totaled DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending increased by 9.1% to DKK 112.7 billion [6] - Wealth management income for the Group was DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Cost and Efficiency - The cost/income ratio for the Nykredit Group was 34.5% excluding extraordinary impacts, and 38.7% including them, indicating a low cost structure [6] - Total costs increased to DKK 9,764 million from DKK 6,964 million in 2024, with DKK 1,002 million attributed to transaction and integration costs related to Spar Nord [4] Future Outlook - For 2026, the Group expects a profit after tax in the range of DKK 10.25-11.25 billion and plans to return DKK 3.5 billion to customers [1][2] - Financial performance is anticipated to be lower than in 2025 due to one-off effects from the acquisition of Spar Nord and market trends [1][2]

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting customers as a customer-owned entity [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1] - Bank lending increased to DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending rose to DKK 112.7 billion, a 9.1% increase from DKK 103.3 billion in 2024 [6] - Wealth management income totaled DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Strategic Initiatives - The company continues to implement its strategy, "Winning the Double 2.0," focusing on partnerships to strengthen its position in the Danish financial market [1] - Totalkredit's mortgage lending grew to DKK 964.5 billion, reflecting a 6.3% increase from DKK 907.5 billion at the end of 2024 [6] - The cost/income ratio, excluding extraordinary impacts, was 34.5%, indicating efficient operations post-acquisition of Spar Nord [6] Future Outlook - For 2026, Nykredit expects a profit after tax between DKK 10.25 billion and DKK 11.25 billion, with anticipated customer benefits payout of DKK 3.5 billion [1] - The financial performance is expected to be lower than in 2025 due to one-off effects related to the acquisition of Spar Nord and market trends [1][2]

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting its customer-owners [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1][2] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1][2] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to increased demand and lending growth [1][2] - Bank lending totaled DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending increased by 9.1% to DKK 112.7 billion [6] - Wealth management income for the Group was DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Cost and Efficiency - The cost/income ratio for the Nykredit Group was 38.7%, with a lower ratio of 34.5% when excluding extraordinary impacts related to the acquisition of Spar Nord [6] - Total costs increased to DKK 9,764 million from DKK 6,964 million in 2024, reflecting transaction and integration costs related to Spar Nord [4] Future Outlook - For 2026, the Group expects a profit after tax in the range of DKK 10.25-11.25 billion and plans to pay out DKK 3.5 billion to customers in benefits [1][2] - Financial performance is anticipated to be lower than in 2025 due to one-off effects from the Spar Nord acquisition and market trends [1][2]

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting its customer-owners [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1][2] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1][2] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1][6] - Bank lending totaled DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending increased by 9.1% from DKK 103.3 billion in 2024 to DKK 112.7 billion in 2025 [6] - Wealth management income for the Group was DKK 3,067 million, with a 4.4% increase excluding Spar Nord [6] Cost and Efficiency - The cost/income ratio for the Nykredit Group was 34.5% excluding extraordinary impacts, and 38.7% including Spar Nord and extraordinary impacts, indicating a low cost structure [6] - Total costs increased to DKK 9,764 million in 2025 from DKK 6,964 million in 2024, with transaction and integration costs related to Spar Nord accounting for DKK 1,002 million [4] Future Outlook - For 2026, the Group expects a profit after tax in the range of DKK 10.25-11.25 billion and plans to pay out DKK 3.5 billion to customers in benefits [1][2] - Financial performance is anticipated to be lower than in 2025 due to one-off effects related to the acquisition of Spar Nord and market trends [1][2]

Core Insights - Nykredit Group reported its strongest financial results for the first nine months of 2025, with a profit after tax of DKK 9,393 million, leading to an upgraded full-year guidance of DKK 11.75-12.25 billion, up from DKK 11.00-12.00 billion [2][5] Financial Performance - The Nykredit Group's net interest income reached DKK 10,295 million, an increase of DKK 1,303 million from DKK 8,992 million in the same period of 2024 [3] - Net fee income rose to DKK 2,426 million, up DKK 415 million from DKK 2,011 million in Q1-Q3 2024 [3] - Total income for the group was DKK 18,539 million, an increase of DKK 2,311 million compared to DKK 16,228 million in the previous year [3] - The cost of the group was DKK 6,816 million, which is an increase of DKK 1,776 million from DKK 5,040 million in Q1-Q3 2024 [3] Lending and Customer Growth - Bank lending for the Nykredit Group totaled DKK 176.5 billion, with Spar Nord contributing DKK 65.8 billion; excluding Spar Nord, lending increased to DKK 110.7 billion, a 10.8% rise from DKK 99.9 billion in September 2024 [5] - Totalkredit's mortgage lending grew to DKK 949.6 billion at the end of September 2025, up from DKK 895.8 billion at the end of 2024, representing a 6.0% increase [5] Strategic Developments - The integration of Nykredit Bank and Spar Nord is on track, with the merger expected to be completed in spring 2026, aiming to enhance customer service and operational efficiency [2][5] - The company emphasizes its commitment to partnerships as part of its strategy, "Winning the Double," to deliver greater value to customers [2]

Group 1 - Nykredit has decided to align Spar Nord Bank's reporting calendar with that of its other subsidiaries [1] - As a result, Spar Nord Bank will not announce its financial statement for Q1-Q3 2025 on the previously scheduled date of November 6, 2025 [1] - The financial calendar for 2026 has been published in a separate announcement [1]

Core Viewpoint - Nykredit's takeover of Spar Nord Bank is progressing, leading to an update in the financial calendar for 2025 [1] Financial Calendar Update - Spar Nord Bank will announce its Semi-Annual Report on 14th August 2025 [1] - The Quarterly Report for Q3 is scheduled for 30th October 2025 [1]

Core Insights - Nykredit reported a satisfactory interim profit after tax of DKK 3,000 million for Q1 2025 and raised its full-year profit guidance to DKK 9.25-10.0 billion due to growth in core business areas, including net interest and fee income [3][4] - The company experienced an increase in mortgage and bank lending, resulting in expanded market positions [3] - Nykredit's investment portfolio income showed a positive trend despite market turbulence, and impairment charges remained low due to the financial robustness of customers [3] Financial Performance - Net interest income increased to DKK 3,039 million in Q1 2025 from DKK 3,011 million in Q1 2024, a change of DKK 28 million [4] - Net fee income rose to DKK 754 million in Q1 2025 from DKK 728 million in Q1 2024, an increase of DKK 26 million [4] - Wealth management income grew to DKK 713 million in Q1 2025 from DKK 668 million in Q1 2024, reflecting a DKK 45 million increase [4] - Total income decreased to DKK 5,434 million in Q1 2025 from DKK 6,012 million in Q1 2024, a decline of DKK 578 million [4] - Profit for the period fell to DKK 3,000 million in Q1 2025 from DKK 3,544 million in Q1 2024, a decrease of DKK 544 million [4] Lending and Market Position - Totalkredit's mortgage lending increased to DKK 921.8 billion at the end of March 2025 from DKK 879.7 billion at the end of March 2024 [3] - Nykredit Bank's lending after impairments rose to DKK 108.8 billion at the end of March 2025 from DKK 94.5 billion at the end of March 2024 [3] Strategic Developments - Nykredit launched a public tender offer to acquire Spar Nord Bank, aiming to create a strong, customer-owned alternative to the largest listed banks in Denmark [3] - The company raised the KundeKroner discount to 0.25% from 0.20% for new and existing customers, benefiting over 900,000 homeowners [3] Capital and Efficiency - Nykredit maintained a strong capital position with a Common Equity Tier 1 (CET1) capital ratio of 20.7% [6] - The cost/income ratio remained low at 30.8% in Q1 2025 [6]